InfraCo Africa

Projects that signed a Joint Development Agreement or equivalent in 2016

Malawi Salima Solar

Tanzania Virunga mini hydropower

Uganda Lake Victoria Marine Transport

Projects that reached financial close in 2016

Tanzania Redavia Solar phase II

Projects that became operational in 2016

Uganda Kalangala Infrastructure Services

UgandaKalangala renewables

Achievements in 2016

InfraCo Africa reached financial close on Redavia, a mini-grid containerised solar rental business in Tanzania, following the successful deployment of two pilot containers. InfraCo Africa will now fund up to $5m to help this innovative business to achieve sufficient scale to attract private sector investment.

Other notable highlights

InfraCo Africa committed funding to new projects in three sub-Saharan countries; Malawi, Tanzania and Uganda. The projects include a mini-hydro scheme, a solar power plant and a marine transport project which will allow freight to cross Lake Victoria reliably. These projects demonstrate the continued success of InfraCo Africa’s model of balancing project origination and development between private sector developers working on its behalf, and using its in-house co-development team to source projects on a standalone basis.

InfraCo Africa continued to progress development of the five projects it committed to fund in 2015. The company also completed the sale and exit of its stake in Cabeólica, a 25MW wind IPP in Cape Verde, providing further funds to recycle into its development activities.

2017 and Beyond

InfraCo Africa will continue to scale up its business model by procuring up to two new developer teams, whilst continuing to expand its internal co-development team.

2017 will see the opening of new offices in Nairobi and west Africa to increase project origination and enable InfraCo Africa to deploy resource rapidly to its projects. New offices will allow closer working with host governments, African-based developers and investors.

Following the success of Redavia, InfraCo Africa will continue to develop smaller, innovative pilot projects. By providing the capital and expertise needed to demonstrate a project’s commercial viability, InfraCo Africa’s support can enable projects to attract private investment to scale up solutions. This approach accelerates communities’ access to the benefits of transformative infrastructure services.

In 2017 InfraCo Africa will lead an exciting new initiative with the Africa Infrastructure Development Association, which aims to support the growth of private sector project developers in Africa whilst working with governments to build local capacity and establish industry standards.